Why these 4 shares are getting SMASHED today

Investors are enjoying a relatively calm session today with the S&P/ASX 200 (Index: ^AXJO) (ASX:XJO) trading broadly flat at 5,755 points.

The materials and energy sectors are posting the biggest gains today, while the information technology and utilities sectors have lagged behind.

A number of shares are experiencing a particularly difficult day, including:

MMJ Phytotech Ltd (ASX: MMJ)

After a massive rally yesterday, the MMJ Phytotech share price has plunged more than 18.6% today to 61 cents. Short term traders are well-and-truly in control of the medical marijuana sector at the moment after the government relaxed laws to allow the supply and importation of the drug. Other shares in the sector are also being sold-off today including MGC Pharmaceuticals Ltd (ASX: MXC), Creso Pharma Ltd (ASX: CPH) and Auscann Group Holdings Ltd (ASX: AC8).

SKY and Space Global Ltd (ASX: SAS)

The Sky and Space Global share price has crashed nearly 18% today, despite no news from the company. Like the medical marijuana sector, the direction of the shares is largely in the hands of day traders that are looking to profit from short term price movements. As highlighted here, the company’s nano-satellite technology appears to be quite exciting, but investors may want to leave it on their watch list for now.

Baby Bunting Group Ltd (ASX: BBN)

The Baby Bunting share price has dropped more than 5% today, despite the absence of any news from the company. Shares of the baby retailer have now fallen around 20% after the company noted that same-store-sales growth was likely to moderate in the second-half of FY17. Nonetheless, Baby Bunting is still expanding at a rapid pace, and with the shares currently trading at 52-week lows, now could be a good time to take a closer look at the company.

Domino’s Pizza Enterprises Ltd. (ASX: DMP)

The Domino’s Pizza share price has fallen more than 3% today after analysts at Citi downgraded the shares to ‘neutral’ from ‘buy’. Despite reporting another strong result last month, the market has continued to be wary of the shares following allegations that franchisees may be mistreating and underpaying employees. The shares have now dropped more than 32% from their 52-week highs, but still trade on a lofty price-to-earnings ratio of around 43.

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks means stability, profitability and regular dividends, often full franked..

But knowing which blue chips to buy, and when, can often be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2017."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

If you're expecting to see the likes of Commonwealth Bank, Telstra and Wesfarmers shares on this list, you'll be sorely disappointed. Not only are their dividends growing at a snail's pace, their profits are under pressure too due to the increasing competitive environment.

The contrast to these "new breed" blue chips couldn't be greater... especially the very real prospect of significant share price gains, something that's looking less likely from the usual blue chip suspects.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor Christopher Georges has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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